Marco Investment Management LLC Has $4.38 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Marco Investment Management LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 49.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,640 shares of the electric vehicle producer's stock after purchasing an additional 5,821 shares during the quarter. Marco Investment Management LLC's holdings in Tesla were worth $4,383,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wyrmwood Management LLC bought a new stake in Tesla during the fourth quarter valued at $25,000. Lam Group Inc. acquired a new stake in Tesla during the fourth quarter worth about $25,000. Mendota Financial Group LLC lifted its holdings in Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after acquiring an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer's stock valued at $47,000 after acquiring an additional 100 shares during the period. Finally, Cordant Inc. bought a new position in shares of Tesla during the third quarter valued at approximately $53,000. Institutional investors own 66.20% of the company's stock.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $1.89 on Friday, reaching $168.29. 109,309,500 shares of the company traded hands, compared to its average volume of 100,050,800. The stock has a market capitalization of $536.71 billion, a PE ratio of 42.93, a P/E/G ratio of 4.45 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.25. The company's 50 day moving average is $175.04 and its 200-day moving average is $207.22. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. As a group, analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of analyst reports. Edward Jones lowered Tesla from a "buy" rating to a "hold" rating in a research report on Friday, January 26th. Robert W. Baird restated an "outperform" rating and set a $280.00 price target on shares of Tesla in a research report on Wednesday, April 17th. TD Cowen cut their price objective on shares of Tesla from $200.00 to $180.00 and set a "market perform" rating on the stock in a research report on Thursday, January 25th. Jefferies Financial Group decreased their target price on shares of Tesla from $185.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, April 10th. Finally, Truist Financial cut their price target on Tesla from $176.00 to $162.00 and set a "hold" rating on the stock in a report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tesla has a consensus rating of "Hold" and an average target price of $186.70.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company's stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,098 shares of company stock worth $38,802,534. Company insiders own 25.10% of the company's stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.